Service Parts Pricing
Service parts pricing refers to the aspect of ''service lifecycle management'' that deals with setting prices for Spare parts management, service parts in the after-sales market. Like other streams of pricing, service parts pricing is a scientific pursuit aimed at aligning service part prices internally to be logical and consistent, and at the same time aligning them externally with the market. This is done with the overarching aim of extracting the maximum possible price from service parts and thus maximize the profit margins. Pricing analysts have to be cognizant of possible repercussions of pricing their parts too high or too low in the after-sales market; they constantly have to strive to get the prices ''just right'' towards achieving maximum margins ''and'' maximum possible volumes. The after-sales target market, market consists of service part and after-sales service. These areas often account for a low share in total sales, but for a relatively high share in total profits. ...
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